Raymond James Financial Cuts Definity Financial (TSE:DFY) Price Target to C$72.00

Definity Financial (TSE:DFY) had its target price reduced by Raymond James Financial from C$74.00 to C$72.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other equities research analysts have also recently weighed in on DFY. National Bank Financial increased their price target on Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Desjardins reduced their price target on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Scotiabank lifted their target price on Definity Financial from C$65.00 to C$80.00 in a research report on Friday, January 30th. Barclays raised their price objective on Definity Financial from C$80.00 to C$81.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group set a C$88.00 price objective on Definity Financial and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$78.27.

Definity Financial Stock Up 2.0%

TSE DFY opened at C$67.85 on Friday. The firm’s 50 day moving average is C$72.43 and its 200-day moving average is C$71.18. Definity Financial has a 12-month low of C$57.25 and a 12-month high of C$79.95. The company has a market capitalization of C$8.14 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$1.10 billion during the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%. As a group, sell-side analysts expect that Definity Financial will post 3.1263962 EPS for the current year.

Insider Transactions at Definity Financial

In related news, insider Craig Edward David Richardson sold 1,881 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of C$70.80, for a total value of C$133,174.80. Following the completion of the sale, the insider directly owned 7 shares of the company’s stock, valued at approximately C$495.60. This represents a 99.63% decrease in their position. Company insiders own 0.50% of the company’s stock.

Definity Financial Company Profile

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.